TCC to build cement facilities

TCC International Holdings Ltd has agreed that it or its subsidiary will set up a project company in the Qujiang District, Shaoguan City, Guangdong Province, at an investment cost of 1.85 billion yuan.

The project will comprise the construction of two 6000 tpd dry-process clinker production lines, four sets of cement grinding production lines with a total capacity of 5 million tpa, and a 21 000 kW residual heat generation unit, as well as other facilities.

The proposed investment will be financed by the Group’s internal resources, existing borrowing facilities and/or facilities to be arranged as and when appropriate. The Qujiang People’s Government has agreed to assist the company to obtain the land use rights for the construction of the new cement production base, procure the land and obtain the exploration and mining rights for the projects, as well as obtain relevant government approvals.

In a statement released on its website, the company said the establishment of the new large scale cement production base will help to consolidate the Group’s overall position as a market leader in Southern China.

The project is expected to commence production in the second half of 2013, assuming that all necessary government approvals are obtained within the first half of 2012.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/30062011/tcc_to_build_cement_facilities/